Insurance

Life Insurance

Life Insurance is a contract by which you can protect yourself against specific losses by paying a premium over a period of time.

Since each one of us, during our lives are faced with numerous risks – failing health, financial losses, accidents and even fatalities, our instinct drives us to cover ourselves against those risks.

Though an insurance cover can’t protect you against the emotional losses arising out of these risks, it softens the economic crisis that usually accompanies these losses.

Simply put, life brings with it many surprises, both pleasant and unpleasant. By taking a Life Insurance Plan one can ensure that he / she is better prepared to face uncertainties in number of ways.

Important:
  • Keep the highest possible term
  • Keep the maturity age as long as possible
  • Talk to 4-5 insurers or visit their websites to get premium rates
  • Choose the plan that has the lowest premium at your parameters
  • Undergo medical tests, if required
  • Keep the nominees informed
  • Pay premiums every year

Health Insurance

In India, the prevailing health care scenario has not been of a high order compared to the developed nations.

The kind of medical facilities that are provided by the governments falls grossly inadequate to meet the ever increasing needs felt by citizens.

Hence, most often, people are dependant upon private medical facilities, which over the years, have become increasingly costly with the advancement in the field of medicine.

This has thrown up the need for going for voluntary health insurance commonly named as Mediclaim Policy.

How Does it Work?

Health insurance give the person a control over the choice of provider, facility and timing of treatment. It provides a general peace of mind that their medical expenses are covered. The policy provides for reimbursement of Hospitalization / Domiciliary hospitalization expenses for illness / disease suffered or accidental injury sustained during the policy period. The policy pays for expenses incurred under the following heads:

  • Room, Boarding Expenses in the hospital / nursing home
  • Nursing expenses
  • Surgeon, anesthetist, medical practitioner, Consultants, Specialist fees
  • An anesthesia, blood, oxygen, OT charges, Surgical appliances, Medicines and drugs, Diagnostic Materials and X-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and Cost of organs and similar expenses.

Relevant medical expenses incurred during period upto 30 days prior to and period of upto 90 days after hospitalization are treated as part of the claim.

General Insurance

General Insurance or Non-life Insurance policies is a practical option for every person who would like to live a risk-free life.

Risk is associated with everything and so, it is important to secure all the things that we own and that security is provided by insurance.

General insurance covers insurance policies fire, marine, motor, accident and other miscellaneous non-life insurance.

The tangible assets are susceptible to damages and a need to protect the economic value of the assets is needed.

For this purpose, general insurance products are bought as they provide protection against unforeseeable contingencies like damage and loss of the asset. Like life insurance, general insurance products come at a price in the form of premium.

Types of General Insurance – Individuals:
Health Insurance:
Protect your greatest asset good health.
»  Individual and Group- Ordinary and Floater health Insurance Policy.
»  Cash free hospitalization in more than 1400 hospitals across India.
»  Reimbursement of expenses during Pre- Hospitalisation and Post- Hospitalisation stages of treatment.
»  130 minor surgeries that require less than 24 hours hospitalization covered under the UNIQUE day care procedure.
»  Reimbursement of expenses incurred on ambulance services to the nearest hospital where Emergency Health facilities are available.

Motor Insurance:
»  Protection from a financial loss arising out of loss or damage to your vehicle.
»  Protection from liability towards third parties for personal injury.
»  Protection death and property damage on account of any accident involving your vehicle.
»  Cash Less and Hassle free Claim procedure.

Travel Health Insurance:
There’s a lot you’re exposed to while traveling abroad. And even though you’ve planned everything down to the smallest detail, there’s no telling when a calamity might strike. A sudden illness, loss of baggage, a financial emergency…. with Travel Health Insurance from you can be sure you’re covered for a whole host of calamities that may occur while traveling abroad.

Personal Accident:
An accident can happen at any time. And it could leave you with permanent harm or temporary disability, both of which could affect your life and your family.

Home Insurance:
Home insurance policy is designed to cover various risks and contingencies faced by home ownersand Safeguard the structure and contents of your home against natural calamities and human misintents. Get a comprehensive coverage for the lowest premium rate.